HDFC Bank Receives RBI Approval for AU SFB Stake Purchase

HDFC Bank has received the RBI’s approval to acquire up to a 9.5% stake in AU Small Finance Bank Limited within one year. The approval extends to HDFC Bank’s group companies, including HDFC Mutual Fund, HDFC Life Insurance, HDFC Pension Management, HDFC ERGO General Insurance, and HDFC Securities.